Canton School Employees Federal Credit Union (CSE)

How-to-Guide on How a Credit Card Works

Posted On: February 5, 2025 by CSE Federal Credit Union in: Credit Cards, Education

How-to-Guide on How a Credit Card Works

1. What Is a Credit Card?

A credit card is a plastic (or digital) card that lets you borrow money to make purchases. When you use a credit card, you're using the credit union’s money, not your own. The credit union has allowed you up to a certain dollar amount (or credit limit, see below) to borrow. This is different from a debit card, which takes money directly from your checking account.

2. How...

Credit Report = Adult Report Card. Will You Make the Grade?

Posted On: August 14, 2023 by CSE Federal Credit Union in: Credit Cards, CSE, Education, General

Credit Report = Adult Report Card. Will You Make the Grade?

When you take a test in school, the result of a good or bad grade can affect your overall grade for the course; it plays a part in whether you pass or fail. When talking about your credit report, imagine it as your adult report card. How you repay loans and credit cards affects your overall score, which can lead to good things for you or a world of financial challenges, depending on your overall credit...

Enhance Your Debit and Credit Card Security

Posted On: February 1, 2023 by CSE Federal Credit Union in: Debit & Credit Cards, Education, Fraud Tips, General

Enhance Your Debit and Credit Card Security

No one wants to deal with identity theft, fraudulent transactions on a credit or debit card, or any other issues when it comes to your money and personal information. There are a lot of different things you can do to enhance your security and protect yourself and your money from unauthorized use, most of which can be done right from the CSE app or online banking platform through a web browser.

Enable...

DIFFERENCES BETWEEN A DEBIT CARD AND A CREDIT CARD

Posted On: February 1, 2022 by CSE Federal Credit Union in: Debit & Credit Cards, Education

Debit and Credit cards…some people use both, some use one over the other for specific reasons. While these cards may look the same – and swipe just as easily – they function quite differently!

Both make completing transactions in-store or online extremely convenient, but we want to help break down the differences between the two, because believe it or not, many don’t know all of the ins and outs of these cards!

PAYING...

How a Credit Card Works

Posted On: August 18, 2021 by CSE Federal Credit Union in: Credit Cards, Debit & Credit Cards, Education, General

Credit cards are often used for a number of reasons, from the convenience of not carrying around cash, earning rewards with every transaction, or simply so you can make many or large purchases without worrying about it coming out of your account right away.

Although a credit card may be used similarly to a debit card, it works very different.

How credit cards work:

When you get a credit card it is set with a credit limit, or the amount...

Fraud Protection from CSE

Posted On: July 21, 2020 by CSE Federal Credit Union in: Debit & Credit Cards, Education, Fraud Tips, General

No matter how vigilant you may be with keeping your financial records secure, thieves still seem to find a way to gain and use your card information to make unauthorized purchases. It can happen at the grocery store, the gas station, an ATM, or any other merchant you visit. It can even happen online on unsecured websites – and it can happen to you.

At CSE Federal Credit Union, we are committed to keeping our members’ personal information and assets safe while...